New Construction Loans in La Grange, Kentucky

La Grange, KY has 21 new construction lenders serving the city. The median amount loaned in the city is $496,000.
Rates on hard money loans issued to La Grange borrowers average around 10.8%. The typical loan made in this city has a length of 21 months.
The mean points charged for loans is 3.1%.
Lenders offer on average a 75% loan-to-value on hard money loans in La Grange.

Loan Example 1

Max
is a builder in La Grange, KY. He wants to buy a land lot to build a new house. The plot is available for $380,000 and Max
estimates the construction costs for the new house will be around $200,000.
Prosper Finance Group
will contribute to the project at a 65% loan to value (LTV) with a 8%, 12 month construction loan with four origination points to be paid at closing. Max
will receive the construction expenses in draws and there will not be a pre-payment penalty if he re-pays the loan prior to the expiration.
Given the rules of this loan, Max
will be required to fund $203,000 plus $15,080 in origination costs at the closing, then will start making $2,513 monthly payments. At the end of the loan, Max
re-sells the property for $870,000. This will make Max
a $244,760 total profit after paying off all expenses of the loan ($377,000 principle, $203,000 cash at closing, $15,080 origination charges, and $30,160 for 12 months of interest payments).

Loan Example 2

Carl
wants to acquire a land plot in La Grange, KY to build a new home and re-sell it for a profit.
He obtains a construction loan from Rolling Brook Funding
with the following terms:

Action Loan is a Louisville, KY based hard money lender who provides funding in Louisville and Fort Lauderdale.
They provide loans for many different scenarios, including fix and flip loans, new construction loans, and commercial hard money loans. ...

Anchor Loans is a California based Hard Money Lender. They provide loans in 46 states throughout the US. They are the largest Fix-and-Flip lender in the U.S. lending over $6 Billion life-to-date in total loan volume to real estate ...

Based in Hamilton, NJ, Creative Hard Money LLC is a private lender offering loans throughout the United States.
They provide loans for many different scenarios, including fix and flip loans, cash out hard money loans, rental property loans, ground-up ...

Primeau Funding is hard money lender based in Scottsale, AZ. They provide loans across the United States.
They provide short term bridge loans, ground up construction loans, commercial loans, and fix-and-flip hard money loans.
They ...

Island View Private Loan Fund is a hard money lender based in Colorado Springs, CO offering funding in 42 states across the US.
They offer lending solutions for a variety of situations and needs, including fix and flip hard ...

Sharestates is a Great Neck, NY based hard money lender. They provide loans in 46 states across the US. They offer lending solutions for a variety of needs and situations, including hard money loans for commercial properties, fix ...

Sunset Equity Funding is a hard money lender based in Los Angeles, California. They issue loans in all states except for Alaska, North Dakota, and South Dakota. Their loan offerings include purchase loans, fix and flip loans, new ...

Headquartered in Long Beach, NY, NLDS Corp is a private lender providing funding in 32 states throughout the US.
They offer lending solutions for a variety of scenarios, including hard money bridge loans, fix-and-flip hard money loans, investment property ...

Lima One Capital is a hard money lender based in Greenville, SC providing loans in 40 states across the US.
They offer loans for many different scenarios, including fix-and-flip hard money loans, construction loans, refinancing, and investment property ...

Global Integrity Finance are commercial hard money lenders based in McKinney, Texas. They specialize in hard money loans for commercial properties, bridge loans, fix and flip loans, and construction loans in some cases. They fund all loans using ...

Based in Colorado Springs, CO, Red Rock Capital is a private money lender providing loans in 42 states across the United States.
They offer construction loans, bridge loans, fix-and-flip loans, and loans for investments properties.
Their loan ...

Miner Capital Funding is private money lender based in Belleville, IL. They offer funding all across the US.
They offer ground up construction loans, hard money refinancing, long term rental property loans, private commercial loans, short term ...

Dominion Mortgage Corporation is a Los Angeles, CA based private money lender. They provide loans all throughout the country. They offer short term loans, refinancing, private commercial loans, and new construction loans.
They provide rates ...

Silver Arch Capital is a Hackensack, NJ based hard money lender. They provide loans across the US. They provide new construction loans, refinancing, and hard money loans for commercial properties.
They offer terms between 1 ...

Meridian Capital Group is a New York, NY based hard money lender who offers funding all across the US.
They offer new construction loans, hard money refinancing, commercial loans, and short term bridge loans.
...

York Commercial Finance is an Addison, TX based private lender who provides funding all across the United States.
They provide new construction loans, private refinancing, commercial loans, and short term loans.
Their loan parameters are versatile, including ...

National Equity Funding is private money lender based in Irvine, CA. They offer funding throughout the country.
They offer fix and flip hard money loans, investment property loans, commercial loans, construction loans, and short term loans.
...

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